Spice market update: red chilli stuns market with surprise prices

August 8, 2024 at 11:14 AM , Der AUDITOR
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GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and chilli, black pepper and cardamom as well as a price list for more than 70 products.

Cumin seeds

Cumin has depreciated by more than 7-8% in the past month and by as much as 35-40% since the start of the year. Several factors are preventing a turnaround. Recent political upheavals and deadly protests have, for instance, completely dilapidated trade with Bangladesh, which purchased around 20-25 trucks of mediocre grade cumin per week.

Production in China is, in addition, projected to exceed 100,000 mt meaning that the country will now only contract 50,000-55,000 mt. As prices are on a similar level in China and India, it is highly improbable t

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